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eduard
2 years ago
5

What are the 4 main factors of production? Give two examples for each one.

Business
2 answers:
NeTakaya2 years ago
5 0

Answer:

land

labour

capital

entrepreneur

Explanation:

land

examples include waterbodies and land forms like plateau and ridges

capital

include monetary wealth i.e money and machinery

entrepreneur

includes sole proprietorship and partnership

labour

include skilled and unskilled labour

OLEGan [10]2 years ago
4 0

Answer: The factors of production are the inputs used to produce a good or service in order to produce income. Economists define four factors of production: land, labor, capital and entrepreneurship. These can be considered the building blocks of an economy.

Explanation:

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Environmental scanning is the act of analyzing the critical external contingencies and trends facing an organization in terms of
alekssr [168]

Answer:

The correct answer is the option B: economic conditions, competitors and customers.

Explanation:

To begin with, the term of <em>environmental scanning</em> refers to the action of analyzing the forces, both internal and external, whose actions affect the organization in its whole and may give the company opportunities or threats, sthrengths or weaknesses. Moreover, when refering to the external part of the analysis the most important groups to have in mind are those outside the organization and that it may not take control over decisions directly. Those items or groups are: <u>the competitors, the customers, economic conditions</u>, the government, market suppliers, intermediaries and more.

5 0
3 years ago
Audiences are allowed to preview (sneak preview) actual movies such as The Hunger Games and Star Trek so that changes might be m
evablogger [386]

Answer:

The correct answer is: market testing.

Explanation:

A market test, also known as an experimentation technique, is a research technique that consists in trying to know directly the response of people to a product, service, idea, advertising, etc., in order to obtain certain information necessary for a investigation.

Generally, a market test is carried out before the launch of a new product, in order to evaluate its acceptance or reception, and thus reduce the risk of introducing the new product to the market and that it does not have sufficient demand.

When carrying out the market test, the acceptance, reception, printing, reaction or behavior of the public before the new product is known and, based on the results, to determine if the launch of the new product is feasible, if it is necessary to make some changes before its launch, or if the launch is definitely not feasible.

7 0
3 years ago
Melissa recently paid $610 for round-trip airfare to San Francisco to attend a business conference for three days. Melissa also
zavuch27 [327]

Answer:

A. $2,325

B. $2,325

C. $0; $1,715

D. $598.5

Explanation:

A. Calculation to determine the amount of the travel costs can Melissa deduct as business expenses

Round trip airfare $610

Conference registration fees $385

3 nights lodging $1,005

($335*3)

Meals $150

(300*50%)

Cab fare $175

Total deduction $2,325

Therefore the amount of the travel costs can Melissa deduct as business expenses will be $2,325

b. Calculation to determine What amount of the travel costs can Melissa deduct as business expenses

Based on the information given the amount of the TRAVEL COSTS that Melissa can deduct as BUSINESS EXPENSES will still be $2,325.

Round trip airfare $610

Conference registration fees $385

3 nights lodging $1,005

($335*3)

Meals $150

(300*50%)

Cab fare $175

Total deduction $2,325

c. Calculation to determine What amount of the airfare can Melissa deduct as a business expense

Based on the information given Airfare will NOT BE DEDUCTIBLE

Hence;

Total Airfare deductible = $0

Total expenses deductible = $2,325 - $610

Total expenses deductible = $1,715

d. Calculation to determine the amount of the travel costs can Melissa deduct as business expense

Registration fee $385

Mileage $43.5

($75*0.58)

Parking $170

Total deductible $598.5

Therefore the amount of the travel costs that Melissa can deduct as business expense is $598.5

3 0
3 years ago
8
Lelechka [254]

Based on the explanation below, the economic concept that is applied in this statement is positive externality.

<h3>Meaning of positive externality</h3>

Positive externality can be described as a situation whereby the production or consumption of a commodity benefits some unrelated third party.

When education is consumed, for example, the consumer receives a private benefit, but there are also societal benefits.

Learn more about externalities here: brainly.com/question/14259859.

#SPJ1

5 0
2 years ago
Why are overstated reserves sometimes referred to as "cookie jar" reserves? a. Companies involved in mergers or acquisitions ove
VashaNatasha [74]

Answer:

The correct answer is letter "D": Like money stored in a cookie jar, overstated revenues represent a stash of accounting earnings that can be used to bolster the perceived performance of the company in the future.

Explanation:

The secret reserve is a portion of the assets of a company that the organization <em>overstated </em>or <em>understated</em>. This is usually done when a company wants to make believe its competitors their financial statements are better than what they are. Though, those hidden assets can help a company to improve from an adverse situation if given at a certain period. That is the reason why secret reserves are compared to "<em>cookie jars</em>" where the money is saved as a precaution to face hardship.

6 0
3 years ago
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